Nine months ago I had an offer to join Fitbit's engineering team. When I first started interviewing I didn't even realize the company had gone public a six mon

Nine months ago I had an offer to join Fitbit's engineering team. When I first started interviewing I didn't even realize the company had gone public a six months before. I guess I missed the news. Looking at the stock price and talking a little with the employees, it was hard to get excited. It had gone from an initial surge of $47/share to $14/share. It looked like an overeager IPO to raise funds for a company that really hadn't quite figured out its market yet. We've seen them many times, but I'm not yet sure what the commonality is. Not having a lasting market? Not having the growth potential? Most people at the company had an optimistic outlook, but it would be hard to work there and do recruiting otherwise.